What does the Bible say about collecting debt?

Is debt collection a sin?

The truth is, there are many christians right now that are so focused on paying off their debts (both bad and good debt) that they are losing productive years and will not have enough money to retire. … From what I can tell however, is that having debt is not considered a sin.

What does the Bible say about loans and debt?

The Apostle Paul wrote in Romans 13:8, “Pay all your debts except the debt of love for others— never finish paying that!” (TLB). Clearly, you should borrow only if you have a well-considered repayment plan, regardless of whether the loan is for college or some other purpose.

What does the Bible say about the collection?

Specifically, Luke 2:12-13 — “Some tax collectors came to be baptized, and they asked him, ‘Teacher, what are we to do?’ Don’t collect more than is legal, he told them.” And in Romans 13:6-7, St. Paul writes, “That is also why you pay taxes, because the authorities are working for God when they fulfill their duties.

Is it OK to pray for money?

Though Judaism does not oppose wealth, a prayer for riches is unwise. Chasing money is an unfulfilling path. One may certainly pray to G-d for whatever one needs, including an adequate income. In fact, a request for parnasah (Hebrew for sustenance, income) is included in daily prayers.

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What did Jesus say about finances?

Jesus Basically Said We Should Budget Our Money.

This is not a predicament God wants his children to be in. This is why it is really important to be financially responsible to plan your purchases and endeavors. God really does want the best for us.

What does the Bible say about helping others financially?

Whoever is kind to the poor lends to the LORD, and he will reward them for what they have done.”

What does the Bible say about quick money?

Proverbs 13:11

The verse tells us that while get rich quick schemes can work sometimes, often because our heart isn’t in the right place the money disappears as fast as it appeared.